10 Semiconductor Stocks with Highest Upside Potential Right Now 

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6. Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Number of Hedge Fund Holders: 50

Upside Potential: 19.4%

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is one of the best semiconductor stocks with the highest upside potential right now. Monolithic Power Systems, Inc. (NASDAQ:MPWR) received several rating updates following the release of financial results for Q1 ended March 31, 2026. On May 1, TD Cowen lifted the price target on Monolithic Power Systems, Inc. (NASDAQ:MPWR) to $1,850 from $1,550 and maintained a Buy rating on the shares. The firm stated that beat/raise as the Enterprise Data outlook for 2026 moves to more than 85%, which points towards accelerating demand across AI infrastructure. It thus believes that rising power content and CPU units are adding to XPU growth.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) also received a rating update from Truist the same day, with the firm lifting the price target on the stock to $1,805 from $1,396 while maintaining a Buy rating on the shares. The firm told investors in a research note that the company’s fiscal Q1 results surpassed estimates, while fiscal Q2 was guided meaningfully above consensus. It added that growth remains diversified, but the clear driver continues to be data centers/AI, which is shown in both the Enterprise Data & Comms end markets.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is involved in the design, development, and marketing of integrated power semiconductor solutions and power delivery architectures for computing and storage, industrial, automotive, communications, and consumer applications markets.

The company’s products include computers and notebooks, portable electronic devices, wireless LAN access points, monitors, infotainment applications, and medical equipment. Its operations are divided into the following geographical segments: China, the US, Taiwan, and Other.

While we acknowledge the potential of MPWR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MPWR and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Semiconductor Stocks with Highest Upside Potential Right Now.

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